Afc is an energy company that is based in Cranleigh, England. It provides power generation based on hydrogen fuel. that collaborates with the power tower to produce clean energy using the ABB Ltd alternating current charging solution. It is a growing company that is listed on the London stock exchange.
The company has been working in the United Kingdom, Germany, South Korea, United Arab Emirates, and Australia.
The share price of the AFC is 39.00 pence, with the highest at 41.00 and the lowest at 38.42. They share price of AFC energy has been making steady progress after getting low in February when it went down to 30. The share price peaked in January 2021 despite the COVID 19 to 83.5. Due to the change in the trend and the increase in the awareness of decarbonization, more people are shifting towards clean energy. The share price of AFC energy was about 5 in October 2019 and hit an all-time high in January 2021.
AFC share price has a long history of providing its services and expertise to many public and private companies. It was established in 2006 and commissioned its first plant in 2010, named Alpha system in Chinchilla underground coal gasification facility. It commissioned a hydrogen fuel cell plant called beta system in the UK in august 2011.
The company shared its vision abroad and opened two beta system plants in Germany in October 2011.
The company had the plan to install the largest fuel cell facility in the UK with an output of 1 Megawatt in June 2012. Still, it was abandoned in 2013 due to its plant development in the Air Products facility at Stade, Germany. The company also opened an alkaline fuel cell electrode pilot production plant in September of 2012.
The company showed interest in building the 50 MW fuel cell in South Korea, collaborating with Samyoung and Changing Chemical in march 2015. It also signed a memorandum with Dubai carbon in April 2015, with a plan to initiate a 300-megawatt plant. But no progress has been made in these projects.
The company commenced operation in the KORE fuel cell system in Germany in August 2015, which reached the capacity of 200 kW in January 2016.
AFC signed a project with Australia agreeing to install the 200 KW power plant in Southern Oil’s biorefinery in Australia. The company also signed a project with Acciona, a multinational construction company in Spain. The company is also in collaboration with Extreme E since July 2020 to charge their race fleet without zero carbon emission.
Currently, the whole world is shaken by the Ukraine Russia conflict, and the effects are also felt in the stock market. Due to the government’s plan to reach carbon zero, AFC energy has the vast potential and chance to expand and progress in the future. It has been making steady progress since its downfall in February. That was primarily based on the Ukraine crisis but has started to recover.